Judge rejects mediation request by BlixsethMarch 7, 2013 @ 4:00 pm
BILLINGS, Mont. (AP) - A federal judge has denied a request for court-ordered settlement talks sought by Tim Blixseth, the founder of Montana's Yellowstone Club for the ultra-rich.
Blixseth, a resident of Washington state, had requested mediation to resolve the dozens of legal actions that have arisen since the club went bankrupt in 2008. It's now under new ownership.
U.S. District Judge Sam Haddon said in a Wednesday order that he does not have the jurisdiction to order talks among the many parties involved.
Among the lawsuits still in play, the state of Montana is seeking $57 million in alleged back taxes, while Blixseth is seeking billions in damages against Credit Suisse over a loan that allegedly set the resort up to fail.
Haddon also denied Blixseth's appeal of the club's 2009 reorganization plan.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.